Nvidia cofounder Jensen Huang has resigned after the board launched an investigation into his personal relationships, stepping down as the company prepares to report quarterly results. Chief financial officer Colette Kress will act as interim CEO while a prominent law firm leads the inquiry and the board begins the search for a permanent successor.
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Updated 15 November 2026 at 12:13 pm. Prices are delayed and for information only.
Nvidia has launched a board investigation into whether chief executive Jensen Huang was targeted by foreign intelligence, after reports he had a close relationship with a Chinese businesswoman US officials suspect passed information to Beijing. The moves coincided with a drop in Nvidia shares to a seven-month low, erasing hundreds of billions from the company’s market value.
NextDC chief executive Craig Scroggie apologised to residents and customers as the data centre operator recommits to finding a power solution for its proposed expansion of the M3 site in West Footscray. The pause on 15-metre power poles has delayed the project, wiped hundreds of millions from earnings forecasts and pressured the company’s share price.
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